Aug. 29 AMT Review LME Base Metals

The following is a daily review of base metals published on August 29 by Amalgamated Metal Trading Limited (AMT), a leading brokerage of the London Metal Exchange (LME). Copper: The market was calm and closed up. Aftermarket rallies sold. Aluminum: Not provided. Lead: Market conditions are normal on the day after the long weekend. The market outlook is bullish and wait for more. Zinc: shocks higher. The trend was stable in the morning and there was little buying during the break below the support level. Expected market outlook may further decline. Nickel: Continuous narrow-range consolidation pattern. However, technical indicators show that prices will go down. Tin: Due to a sharp increase in inventories, it is also a daily low. Afternoon to do more.

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